CARBORUNDUM UNIVERSAL Announces Quarterly Results (4QFY19); Net Profit Down 4.3%

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CARBORUNDUM UNIVERSAL Announces Quarterly Results (4QFY19); Net Profit Down 4.3%
Tue, 30 Apr

CARBORUNDUM UNIVERSAL has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

CARBORUNDUM UNIVERSAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m6,4956,9297,0211.3%8.1%
Other incomeRs m466615-78.2%-68.1%
TurnoverRs m6,5416,9957,0360.6%7.6%
ExpensesRs m5,3375,8975,828-1.2%9.2%
Gross profitRs m1,1781,0321,19315.6%1.3%
DepreciationRs m276270259-3.9%-6.2%
InterestRs m24192641.2%12.3%
Profit before taxRs m92381092213.8%-0.2%
TaxRs m31426933825.7%7.9%
Profit after taxRs m6105415837.9%-4.3%
Gross profit margin%18.114.917.0
Effective tax rate%34.033.336.7
Net profit margin%9.37.78.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 8.1% on a year-on-year (YoY) basis. The expenses were up by 9.2% YoY during the same period.
  • The company's operating profit increased by 1.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.0% in 4QFY19 as against 18.1% in 4QFY18.
  • Depreciation charges declined by 6.2% and finance costs increased by 12.3% YoY, respectively.
  • Other income declined by 68.1% YoY during the quarter.
  • Net profit for the quarter declined by 4.3% YoY. Net profit margins during the quarter declined from 9.3% in 4QFY18 to 8.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.2% QoQ during the same period.
  • The company's operating profit increased by 15.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.0% in 4QFY19 as against 14.9% in 3QFY18.
  • Net profit for the quarter increased by 7.9% QoQ, while net profit margins increased from 7.7% in 3QFY18 to 8.3% in 4QFY19.

To see how CARBORUNDUM UNIVERSAL has performed over the last eight quarters, please visit here.

CARBORUNDUM UNIVERSAL Share Price Performance

Over the last one year, CARBORUNDUM UNIVERSAL share price has moved up from Rs 373.4 to Rs 363.2, registering a Loss of Rs 10.2 or around 2.7%.

Overall, the S&P BSE SENSEX is up 11.8% over the year.

Current Valuations

At the current price of Rs 363.2, the price to earnings (P/E) ratio of CARBORUNDUM UNIVERSAL stands at 29.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 times.

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